2023-2024 Biennial Operating & Capital Budget Supplemental

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REVENUE PROJECTIONS The following table summarizes the updated revenue estimates and assumptions for 2023 through 2028 that have been incorporated into the 2024 Operating & Capital Budget and 2023-2028 Long -Term Financial Plan. All projections for construction -related revenue are based on forecasts by the Planning & Building Department. Construction -related revenue includes Use Tax on Building Materials, Construction Permits, Impact Fees, and Utility Tap Fees. All projections for revenue generated at the Recreation Center and Golf Course are based on forecasts by the Parks & Recreation Department. Golf Course User Fees include a consolidation of green fees, annual season passes, golf cart rentals, driving range fees, pro shop merchandise sales, daily rentals, golf lesson fees, club repair fees, and handicap fees. Projections for Solid Waste & Recycling Fees and Utility User Fees are based on forecasts by the Public Works Department. All remaining projections are based on the Finance Department's forecasts using trend analysis. City of Louisville, Colorado Summary of Revenue Assumptions for Major Revenue Sauces Year -Over -Year Percent of Change 2017-2028 Percent of Change Re r nue Category 2017 2010 201% 2021) 2021 2022 2023 2024 2025 2026 2027 2028 Regional Consumer Price Index Average Rate of Return Taxes: Sales Tax Property Tax Use Tax - Consumer Use Tax - Auto Use Tax - Building Materials Franchise Taxes Lodging Tax Licenses & Permits: Sales & Use Tax Licenses Construction Permits Minor Building -Related Permits Intergovernmental Revenue: Hiylrxay Users Tax State Lottery Marijuana Tax IGA - Superior Library Charges tor Services: %rater User Fees Water Tap Fees Wastewater User Fees Wastewater Tap Fees Stone Water User Fees Solid Waste User Fees Recreation Center Fees Golf Course User Fees Developer Impact Fees Fines & Forfeitures: Court Fines 3.4% 2.7% 1.9% 2.0% 3.5% 7.7% 4.4% 3.5% 3.3% 3.0% 3.0% 3.0% 1.1% 1.7% 2.1% 1.4% 0.4% 1.D% 1.8% 2.3% 2.8% 3.0% 3.3% 3.5% 13.2% 1.8% -9.7% 9.7% - 8.9% 2.0% 3.3% 5.3% 53.5% 12.9% 36.5% 24.6% - 0.4% - 8.6% 11.8% -9.0% 5.2% -14.6% - 8.1% - 1.8% - 3.8% -8.4% 7.5% -16.4% -12.5% -18.4% -4.1% -59.9% 16.3% 1.1% 28.0% 19.0% 43.3% 12.4% 48.3% 9.1% 8.5% 25. D% 5.3% -1.2% 6.D% 8.8% 1 0.3% -5.0% -1.0% 7.2% -57.3% -9.0% 26.9% 5.7% 5.0% 19.3% -19.4% 45.2% -0.9% 7.9% 5.0% 11.6% 5.0% 3.5% 0.9% 2.4% 10.0% 5.0% 2.5% 5.0% 3.5% -5.0% 1.4% 7.5% 5 D% 2.6% 5.0% 3.5% 6.3% 1.4% 5.0% 5.0% 2.6% 5.0% 3.5% -1.5% 1 A% 5.0% 16.9% 1.1% 20.D% 11% 4.7% -78.9% 69.4% -67.6% 3.0% 3.0% 3.D% 3.0% - 32.5% -37.2% 40.D% -15.3% 47.0% 119.9% -54.9% 5.4% -0.4% -3.1% -35.0% -1.5% 54.2% 657.6% -57.8% -52.2% -14.2% 95.2% -56.7% -20.8% 3.0% 3.0% 3.D% 3.0% 0_9% 23.9% -4.1% -25.6% 19.9% -7.1% 15% -3.1% 1 _D% 1.0% 1.0% 1.a% - 10.3% -0.7% 26.9% -13.3% 15.5% 7.2% -1.9% -6.4% 3.0% 3.0% 2.0% 2.0% 25.1% -3.4% 3.4% 27.3% 26.5% -1.1% 27.9% -21.9% 5_0% 5_0% 5.0% 5.0% 0.9% 10.3% 1.1% 7.8% -0.9% 14.4% -6.0% -5.6% 4.0% 4.0% 4.0% 4.0% - 0.6% 9.7% -12.6% 20.6% -8.0% -1.5% -3.1% 8.1% 0.5% 1_0% 0.0% 0.2% - 34.3% -64.6% 73.2% -24.7% 37.7% -35.7% 40.7% -56.0% 90.4% -30.0% 16.9% -6.6% 12.2% 6.4% 3.a% 10.4% 3.6% -12.1% 6.3% 22.6% 8.5% 6.3% 4.0% 4.0% - 40.5% -80.3% 53.8% -1.0% -31.9% -14.4% 98.5% -29.9% 22.7% -39.5% 27.4% -9.8% 5.2% 6.8% 17.3% 7.2% 3.8% -6.2% 6.1% 12.8% 12.3% 13.1% 12.D% 12.1% 4.8% 3.8% 1.5% -3.1% -5.8% 4.6% 5.2% 5.2% 4.4% 3.5% 3.5% 3.5% - 0.9% -8.3% 67.3% -58.4% 85.9% 21.6% -7.7% 18.6% 3.0% 2.8% 2.8% 2.8% 8_0% 4.1% 0.8% 20.D% 19.4% 3.3% 6.9% -1.5% 2.2% 0.2% 2.3% 0.2% - 60.1% 15.9% -44.9% 57.7% -55.7% 83.D% -29.1% -10.9% 9.7% -36.D% 71.8% -10.3% - 1.2% -14.0% -0.4% -33.6% -19.1% -23.4% 11.7% 1.7% 0_0% 0_0% 0_0% 0.0% 2